On Monday Wake County announced that three affordable housing projects in the county had been approved for tax credit by the N.C. Housing Financing Agency. The county itself is contributing $6.3 million in gap funding for the new developments. One project is on Durham Road in Wake Forest, where the Taft-Mills Group out of Greenville will build a project called Crenshaw Trace, a four-story building with 68 apartments for people 55 and older who will not have to pay more than 30 percent of their income for rent. C. J. Tyree, a partner with Taft-Mills, said, “We are excited to bring a modern, affordable rental option to seniors in the market.” He noted that similar senior affordable apartments such as Huntington Spring on South Franklin Street and The Crossings at Heritage on Heritage Branch Road are 100 percent occupied with waiting lists, showing the need for this type of property.